K3 Business Technology Group PLC PDMR Shareholding (3091K)

TIDMKBT

RNS Number : 3091K

K3 Business Technology Group PLC

06 July 2017

K3 Business Technology Group plc

("K3", "Company" or "Group")

PDMR Notification

Further to the completion yesterday of the placing ("Placing") at 140p per ordinary share of 25p each in the capital of the Company ("Ordinary Shares") and conversion of a GBP640,000 loan into 457,142 Ordinary Shares by CA Fastigheter AB (a company controlled by Johan Claesson) both announced on 12 June 2017, the respective revised holdings of certain directors of the Group are as follows:

 
                             Ordinary 
                               Shares        % 
 Adalsteinn Valdimarsson       71,429    0.17% 
 Rob Price                     50,000    0.12% 
 Stuart Darling                14,286    0.03% 
 Johan Claesson             6,508,230   15.15% 
 

Regarding the conversion of warrants over 700,000 Ordinary Shares by entities controlled by Johan Claesson also announced on 12 June 2017, the Company received notice prior to completion of the Placing that the right to those shares was transferred to a third party and the shares were issued to that third party.

Accordingly, the Company makes the following announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014):

 
 1.   Details of Persons Discharging Managerial 
       Responsibilities "PDMR" / person closely 
       associated with them ('PCA') 
===  ========================================================= 
 a)   Name                  Adalsteinn Valdimarsson 
===  =====================  ================================== 
 2.   Reason for notification 
===  ========================================================= 
 b)   Position /            Chief Executive Officer 
       status 
===  =====================  ================================== 
 c)   Initial notification  Initial Notification 
       / amendment 
===  =====================  ================================== 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
===  ========================================================= 
 b)   Name                  K3 Business Technology Group 
                             plc 
===  =====================  ================================== 
 c)   LEI                   213800QOJ9OF2AV81748 
===  =====================  ================================== 
 4.   Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
===  ========================================================= 
 a)   Description            ordinary shares of 25p each 
       of the financial 
       instrument 
                              GB00B00P6061 
       Identification 
       code 
===  =====================  ================================== 
 b)   Nature of              Acquisition of shares pursuant 
       the transaction        to the Placing 
===  =====================  ================================== 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)               ----------  ---------- 
                                GBP1.40     71,429 
                               ----------  ---------- 
===  =====================  ================================== 
 d)   Aggregated             n/a 
       information 
       Aggregated 
       volume Price 
===  =====================  ================================== 
 e)   Date of the            5 July 2017 
       transaction 
===  =====================  ================================== 
 f)   Place of the           London Stock Exchange, AIM Market 
       transaction            (XLON) 
===  =====================  ================================== 
 
 
 Details of Persons Discharging Managerial 
  Responsibilities "PDMR" / person closely associated 
  with them ('PCA') 
========================================================= 
 Name                  Robert Price 
=====================  ================================== 
 Reason for notification 
========================================================= 
 Position /            Chief Financial Officer 
  status 
=====================  ================================== 
 Initial notification  Initial Notification 
  / amendment 
=====================  ================================== 
 Details of the issuer, emission allowance 
  market participant, auction platform, auctioneer 
  or auction monitor 
========================================================= 
 Name                  K3 Business Technology Group plc 
=====================  ================================== 
 LEI                   213800QOJ9OF2AV81748 
=====================  ================================== 
 Details of the transaction(s): section to 
  be repeated for (i) each type of instrument; 
  (ii) each type of transaction; (iii) each 
  date; and (iv) each place where transactions 
  have been conducted 
========================================================= 
 Description            ordinary shares of 25p each 
  of the financial 
  instrument 
                         GB00B00P6061 
  Identification 
  code 
=====================  ================================== 
 Nature of              Acquisition of shares pursuant to 
  the transaction        the Placing 
=====================  ================================== 
 Price(s) and             Price(s)    Volume(s) 
  volume(s)               ----------  ---------- 
                           GBP1.40     50,000 
                          ----------  ---------- 
=====================  ================================== 
 Aggregated             n/a 
  information 
  Aggregated 
  volume Price 
=====================  ================================== 
 Date of the            5 July 2017 
  transaction 
=====================  ================================== 
 Place of the           London Stock Exchange, AIM Market 
  transaction            (XLON) 
=====================  ================================== 
 
 
 Details of Persons Discharging Managerial 
  Responsibilities "PDMR" / person closely associated 
  with them ('PCA') 
========================================================= 
 Name                  Stuart Darling 
=====================  ================================== 
 Reason for notification 
========================================================= 
 Position /            Interim Chairman 
  status 
=====================  ================================== 
 Initial notification  Initial Notification 
  / amendment 
=====================  ================================== 
 Details of the issuer, emission allowance 
  market participant, auction platform, auctioneer 
  or auction monitor 
========================================================= 
 Name                  K3 Business Technology Group plc 
=====================  ================================== 
 LEI                   213800QOJ9OF2AV81748 
=====================  ================================== 
 Details of the transaction(s): section to 
  be repeated for (i) each type of instrument; 
  (ii) each type of transaction; (iii) each 
  date; and (iv) each place where transactions 
  have been conducted 
========================================================= 
 Description            ordinary shares of 25p each 
  of the financial 
  instrument 
                         GB00B00P6061 
  Identification 
  code 
=====================  ================================== 
 Nature of              Acquisition of shares pursuant to 
  the transaction        the Placing 
=====================  ================================== 
 Price(s) and             Price(s)    Volume(s) 
  volume(s)               ----------  ---------- 
                           GBP1.40     14,286 
                          ----------  ---------- 
=====================  ================================== 
 Aggregated             n/a 
  information 
  Aggregated 
  volume Price 
=====================  ================================== 
 Date of the            5 July 2017 
  transaction 
=====================  ================================== 
 Place of the           London Stock Exchange, AIM Market 
  transaction            (XLON) 
=====================  ================================== 
 
 
 Details of Persons Discharging Managerial 
  Responsibilities "PDMR" / person closely associated 
  with them ('PCA') 
================================================================== 
 Name                  CA Fastigheter 
=====================  =========================================== 
 Reason for notification 
================================================================== 
 Position /            Controlled by Johan Claesson (Non-Executive 
  status                Director) 
=====================  =========================================== 
 Initial notification  Initial Notification 
  / amendment 
=====================  =========================================== 
 Details of the issuer, emission allowance 
  market participant, auction platform, auctioneer 
  or auction monitor 
================================================================== 
 Name                  K3 Business Technology Group plc 
=====================  =========================================== 
 LEI                   213800QOJ9OF2AV81748 
=====================  =========================================== 
 Details of the transaction(s): section to 
  be repeated for (i) each type of instrument; 
  (ii) each type of transaction; (iii) each 
  date; and (iv) each place where transactions 
  have been conducted 
================================================================== 
 Description            ordinary shares of 25p each 
  of the financial 
  instrument 
                         GB00B00P6061 
  Identification 
  code 
=====================  =========================================== 
 Nature of              Conversion of GBP640,000 loan into 
  the transaction        ordinary shares of 25p each 

=====================  =========================================== 
 Price(s) and 
  volume(s)               GBP640,000 loan converted into 457,142 
                          ordinary shares of 25p each at GBP1.40 
                          per ordinary share 
=====================  =========================================== 
 Aggregated             n/a 
  information 
  Aggregated 
  volume Price 
=====================  =========================================== 
 Date of the            5 July 2017 
  transaction 
=====================  =========================================== 
 Place of the           London Stock Exchange, AIM Market 
  transaction            (XLON) 
=====================  =========================================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 05:48 ET (09:48 GMT)